PCP v. SRP Case Studies

PCP v. SRP Case Studies
Case 1 Well Conditions
• 2500ft
• 1750 bpd
CAPITAL COST
PCP
Equipment
Case 2 Well Conditions
• 6000ft
• 300 bpd
• 90% water cut
• 175 bpd oil @ $65/bbl
SRP
SAVINGS
• 42% water cut
• 175 bpd oil @ $65/bbl
CAPITAL COST
Equipment
PCP
SRP
23K2400
320-256-120
SAVINGS
175K1000
912-365-192
Capital Investment
$60,000.00
$124,000.00
$64,000.00
Capital Investment
$40,000.00
$53,000.00
$13,000.00
Installation Costs
$11,375.00
$34,125.00
$22,750.00
Installation Costs
$11,375.00
$22,750.00
$11,375.00
Total:
$86,750.00
Total:
$24,375.00
$43,362.00
$56,370.00
$13,008.00
$13,907.00
$18,079.00
$4,172.00
$0.00
$1,896.00
$1,896.00
$0.00
$1,896.00
$1,896.00
$614.00
$3,148.00
$2,534.00
$614.00
$1,424.00
$810.00
Description
Description
OPERATION COST
OPERATION COST
Power Consumption
Gas Locking
Preventative
Maintenance
Power Consumption
Gas Locking
Preventative
Maintenance
Yearly Total:
$17,438.00
Yearly Total:
$6,878.00
Total Savings After 1 Year Operation:
$104,188.00
Total Savings After 1 Year Operation:
$31,253.00
In a 10 year life cycle of the well. Assuming no equipment changes.
Total Savings:
COMMENTS
Capital Investment
Installation Costs
In a 10 year life cycle of the well. Assuming no equipment changes.
$261,130.00
Total Savings:
PCP
SRP
$93,155.00
SAVINGS
Includes the Drivehead, Motor, VFD, & Pump. Excludes Rods &
Includes the Pump Jack, pad, piles, and downhole pump. Excludes rods
Tubing.
& tubing.
Case 1 - Average
Case 2 - Average
Installation time of PCP system is 1 day. The cost of lost
installation time is 3 days
installation time is 2 days
production at the volume and $65/bbl is $11,375 per day.
(1 day pad piles, 1 day jack install,
(2 day jack & pump install)
1-2 Days
1 day pump install)
Power Consumption
Case 1 - Annual power
Case 2 - Annual power
Case 1 - Annual power
Case 2 - Annual power
consumption: 481,800 kWh
consumption: 154,500 kWh
consumption: 626,340 kWh
consumption: 200,800 kWh
Case 1 - 144,540 kWh
@$0.09/kWh. Assuming 100%
@$0.09/kWh. Assuming
@$0.09/kWh. Assuming 100%
@$0.09/kWh. Assuming 100%
Case 2 - 46,300 kwh
uptime of equipment.
100% uptime of equipment.
uptime of equipment.
uptime of equipment.
2x/year @ 2hr each. The amount of time it will take to put
Gas Locking
0 hrs. The PCP will not gas lock as the gas is free to pass through
the well on tap, remove all gas built up in the pump, and take
the pump.
well off tap. Cost of lost production is $474/hour of downtime.
4 hours per year
(* A well with excessive gas will need more.)
Oil change & grease
Oil change & grease
Case 1 - 2 hrs labour including
Case 2 - 1 hr labour including a
a VAC truck, $200/hr, $948 lost
VAC truck, $200/hr, $474 lost
production.
production.
1.5 gallons of [email protected] $10/gallon*
Case 1 - 180 gallons of oil @ $10/
Case 2 - 750 gallons of oil @ $10/
Case 1 - 178.5 gallons
*Prices of oil may vary
gallon.
gallon.
Case 2 - 73.5 gallons
3’w x 5’l x 5’h
3'w x 5'l x 5'h - Case 1
7’w x 30’l x 23’h - Case 2
Up to 195 sq/ft
1 hr labor*, $125/hr, $474 lost production
Preventative Maintenance
Foot Print
* Labor rates vary
1 hour
Contact your local KUDU representative or visit our website to find a distributor near you. All information is considered accurate and up to date at time
of printing. KUDU reserves the right to amend the contents of this document at any time. KUDU does not warranty manufacturers claims.
KUDU Head Office & Manufacturing
Discover how to pump up your production. Go to kudupump.com
and learn about making PC Pumps the right choice for your well.
9112 – 40th Street SE
KUDU United States
Calgary, AB Canada T2C 2P3
Email: [email protected]
Tel: +1 403 279 5838